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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$97,764$97,764$203,400
Remaining term (yrs)16.216.230.0
Secondary amount$0$105,636$0
Funding fee$0$0$0
Note rate3.34%3.34%7.18%
Blended rate4.19%6.169%7.42%
1st payment$650.34$650.34$1,377.90
2nd payment$0.00$704.24$0.00
Taxes / mo$55.82$55.82$55.82
Insurance / mo$150.00$150.00$150.00
MI / mo$104.66$104.66$40.68
HOA / mo$0.00$0.00$0.00
Total monthly$960.82$1,665.06$1,624.41
Cash to close$128,236$22,600$22,600